The FinTech revolution is rapidly transforming the financial industry. The use of digital technologies is the norm, and together with regulatory and market changes it is creating a revolution. After completion of the module, you'll be able to: describe the changes that influence the financial sector, understand the complexity of the payment infrastructure, identify and explain the key payment instruments and how they function, understand the types of money that exits, and recognize changes in the regulatory frameworks and how they inhibit or promote innovation.
This course is part of the Digital Transformation in Financial Services Specialization
FinTech and the Transformation in Financial Services
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About this Course
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Learner Career Outcomes
14%
started a new career after completing these courses
24%
got a tangible career benefit from this course
Skills you will gain
Open BankingFinancial TechnologyCrowdfundingPeer-To-Peer Lending
Learner Career Outcomes
14%
started a new career after completing these courses
24%
got a tangible career benefit from this course
Shareable Certificate
Earn a Certificate upon completion
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Beginner Level
Approx. 11 hours to complete
Suggested: 10 hours/week
English
Subtitles: English
Syllabus - What you will learn from this course
14 minutes to complete
FinTech and the Transformation in Financial Services
The FinTech revolution is rapidly transforming the financial industry. The use of digital technologies is the norm, and together with regulatory and market changes it is creating a revolution. To begin, we recommend taking a few minutes to explore the course site. A good place to start is the navigation bar on the left. Click 'Course Content' to see what material we will cover each week, as well preview the assignments you will need to complete. Click 'Discussions' to see forums where you can discuss the course material with fellow students taking the class. Be sure to introduce yourself to everyone in the 'Meet and Greet' forum! This course should take four weeks to complete. You can check out the recommended course schedule below to see a quick overview of the lessons and assignments you will complete each week. After completion of the course, you'll be able to: describe the changes that influence the financial sector, understand the complexity of the payment infrastructure, identify and explain the key payment instruments and how they function, understand the types of money that exits, and recognize changes in the regulatory frameworks and how they inhibit or promote innovation.
14 minutes to complete
1 video (Total 3 min), 1 reading
1 video
1 reading
Prerequisites for taking the course6m
3 hours to complete
FinTech essentials
In this module, we begin exploring FinTech. We start off by get to know Fintech, by looking into six different FinTech domains, followed by FinTech as an area of investments. Then we dig into the technologies of FinTech, before we look at the regulatory changes that transforms the industry. After completion of the module, you will be able to: summarize the domains of FinTech; describe the FinTech market and make arguments for what the sector is emerging; outline the Financial technologies and how the are transforming the market; give examples of how regulations influence the FinTech market
3 hours to complete
5 videos (Total 18 min), 13 readings, 8 quizzes
5 videos
Introduction47s
The domains of FinTech6m
Fintech investments2m
Fintech Technologies1m
Regulatory Changes6m
13 readings
Disclaimer4m
The Global Fintech Landscape8m
Investments in FinTech9m
The Business of Payments9m
Cloud Computing12m
Blockchain13m
Roboadvisor9m
Introduction to the readings1m
KYC (Know Your Customer)10m
SEPA (Single Euro Payments Area)10m
PSD2 (Payment Service Directive 2)10m
Data protection (eIDAS)10m
White washing, Laundering, and Anti-Terrorist10m
8 practice exercises
The domains of FinTech4m
Fintech market quiz4m
FinTech technology quiz6m
KYC quiz2m
SEPA quiz2m
PSD2 quiz4m
White washing question2m
FinTech22m
3 hours to complete
Money and payments
At the heart of the Fintech revolution you will find money and payments. It makes the world go around. In this module, we will learn about money and its history, difference between central bank money and bank money, different payment instruments, and finally how payment instruments are used in contemporary payment methods.
3 hours to complete
5 videos (Total 21 min), 12 readings, 5 quizzes
12 readings
A World Dependent On Money6m
What is Money5m
Creation of Money9m
Cryptocurrencies8m
Cashless Society10m
Payment Cards10m
Account Transfers10m
M-Pesa9m
MobilePay11m
Apple Pay2m
Payment Solutions the Merchant Option10m
Contactless Payments10m
5 practice exercises
Trust money2m
Money quiz6m
Payment quiz8m
Mobile Payments quiz8m
Money Makes the World go Around26m
2 hours to complete
Payment systems
Money has several roles, including a medium of exchange, i.e. as a payment. In this module, we focus on the complex digital platforms or eco-systems that surrounds payments. We this from four different perspectives or level of analysis, including bank level, national level, and cross border level. However, first we shall look into the payment process.
2 hours to complete
5 videos (Total 15 min), 6 readings, 4 quizzes
5 videos
Introduction26s
Payment process3m
Bank payment systems3m
Interbank processing4m
Correspondent banking2m
6 readings
How Should You Pay!10m
Payment Systems9m
Interbanking in USA and Europe12m
SWIFT Network8m
Western Union2m
Herstatt Risk7m
4 practice exercises
Payment process4m
Interbank quiz4m
Cross border payments8m
Pain of paying20m
2 hours to complete
Lending and crowdfunding
The digital transformation is radically transforming the financial services as we used to know them and new areas and domains emerge. In this module, we are focusing on three areas. First, we look at P2P lending, then crowdfunding, before we conclude with open banking.
2 hours to complete
3 videos (Total 6 min), 8 readings, 6 quizzes
8 readings
Detailed Analysis: P2P Lending Platforms5m
The future of P2P lending8m
Crowd Business5m
Saving Butterfly5m
Introduction to the readings10m
Banking in the Future11m
13 Predictions for Banking8m
Open Banking15m
6 practice exercises
P2P lending quiz2m
Crowdfunding quiz6m
Future quiz4m
13 directions for the future2m
Open banking quiz2m
Alternative Financing20m
Reviews
4.3
TOP REVIEWS FROM FINTECH AND THE TRANSFORMATION IN FINANCIAL SERVICES
by KGMay 30, 2019
The assessments were excellent. Initially, I did have hesitation in getting started, but got hooked to the assessments. Thank you to Kavya and Steve, our Program Managers who encouraged us everyday.
by JJOct 23, 2019
Good course with very useful information. But, some readings are not longer available in internet. Verify them: Openbankproject - For Customers, banks and society links are not available.
by BTJan 21, 2018
This module gives an overview and summary of payment instrument nowadays. I like the video clips and reference it suggests for each chapters as the course material to read through at our
by ISApr 22, 2019
complete view of the businesses related to each type, separated into different sections, but with a clear explanations that the different types are interlinked into a bigger picture
by MJan 3, 2018
I really enjoyed this course! It is a good introduction to the FinTech concepts and the transformation in the over all economic environment and financial services.
by KWDec 6, 2019
Good lessons and subject matter, but a number of the reading links are broken and some of the quiz questions I could not find the answers to.
by SHMar 14, 2019
course has good content with a top view of what's currently happening. Final evaluation (Week 4) solutions and explanations are required.
by KBMay 16, 2018
The course gave a great insight on importance and utility of Technology in Financial Services and how FinTech is the future for all.
About Copenhagen Business School
Centrally located in Copenhagen, the capital of Denmark, Copenhagen Business School (CBS) is one of the largest business schools in Europe with close to 23,000 students. CBS offers world-class research-based degree programs at undergraduate, graduate, and PhD levels as well as executive and other post experience programs.
About the Digital Transformation in Financial Services Specialization
This Specialization is intended for learners that have or wants to have a career in the digital financial industries.
The Specialization explores the evolving world of finance, focusing on the changing dynamics caused by the conversion of products and services into digital goods, new customer demands and changing regulation to govern the competetive landscape - the digital transformation of finance.
You’ll learn about concepts such as digital platforms and business ecosystems, be exposed to the emerging Fintech landscape and master a new toolbox for successfully competing on innovation in the digital era of finance. In the final Capstone Project, you’ll create and defend a holistic digital transformation strategy for a real world company.
Throughout the course, the instructors will use state of art examples and share their own research from the European and North American finance industries, as well as expose practices from leading digital financial services and companies, such as MobilePay, Saxo Bank and PayPal.
The main focus in the course is on the financial sector (in particular in North America and Europe), but the course also include material of relevance for the financial trading and insurance sectors and inspiration from Africa.
Frequently Asked Questions
When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
Is financial aid available?
More questions? Visit the Learner Help Center.
